118 ENGLE AVE Molalla, OR $ 425,000
118 ENGLE AVE
$ 425,000
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118 ENGLE AVE

Molalla, OR, 97038
$ 425,000
Bedrooms3 Baths3.0

Monthly Estimate*

$ 2,651

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Multi-Family Home for sale in Molalla, OR

for $425,000 with 3 bedrooms and 3 full baths. This home was built in 1978 on a lot size of 0.14.

*The Commercial unit rent increase to $1,400 coming Jan. 1, 2026! Versatile Investment Property with Two Apartments, 1 commercial unit In A Prime Location! Incredible investment opportunity in a buzzing commercial corridor! This unique property offers the best of both worlds. There's a spacious commercial unit currently with two 26’x16’ salon-style suites, each equipped with a closet and private bathroom, plus an additional private office space. This commercial section features a separate entrance to maintain business privacy and flow. Additionally, there are two charming 1-bedroom apartments with their own private entrances, perfect for owner-occupancy or tenant rental. The residential units include living room/kitchens, a cozy bedroom, and a bathroom with a walk-in shower making this an ideal setup for live/work flexibility or added passive income. Strategically located in a high-traffic area, close to public transportation, and surrounded by thriving local businesses, it's the perfect setup to draw in clientele and benefit from surrounding activity. Zoned for various commercial uses – confirm specifics with the city. Don’t miss this chance to establish your business or expand your portfolio with a multi-use, income-producing property in a high-demand area!

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Multi-Family Pending

Price

$ 425,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,562

Style

Lot Size

0.14

Year Built

1978

Town/City

Molalla

County/Region

Clackamas

MLS | Web ID

576668239

Features
General
Sewer PublicSewer
Heating Zoned
Cooling WallUnit
Roof Composition
Zoning Comm
Year Built 1978
Stories Count 1
Tax Year 2024
Parcel Number 01099028
Gross Income 42000.0
County Clackamas
Net Operating Income 32072.0
Operating Expense 9928.0
Property Type MultiFamily
HOA N
Rent Includes Sewer TrashCollection Water
Status Pending
Directions E Main St to Engle Ave
High School Molalla
City Molalla
Number Of Units Total 3
MLS Area _146
Lot Size Square Feet 6098.0
Listing Terms Cash Conventional
Elementary School Molalla
Tax Annual Amount 3562.77
Middle/Junior High School Molalla River
Property Condition Existing
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description 333 GREGORYS 1ST ADD LT 9 BLK 1
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Exterior
Parking Features OffStreet
Lot Features Level
Water Source PublicWater
Total Parking 7.0
Exterior Description WoodSiding
Lot Dimensions 50x120
Lot Size Acres 0.14
Road Surface Type Paved
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Interior
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 1
Unit 3 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Internal Only
Street Number 1 118
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* Excluded Features
List By
Keller Williams Pdx Central

Broker

sold@westonepros.com

Email

Affordability Calculator

$2,948
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,651
Monthly Property Taxes
$297
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949314 Elementary School
1949219 Middle School
Molalla High School High School
Pricing History
DatePricePrice ChangeDescription
8/15/2025$425,000 Listed Price

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118 ENGLE AVE, Molalla, OR, 97038 is a Multi-Family Home for sale at $425,000 with a lot size of 0.14. 118 ENGLE AVE has 3 bedrooms, 3.0 baths, and was built in 1978. The property's zip code is 97038 which is in Molalla, OR